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These terms and conditions ("WhatsApp Terms and Conditions" as amended from time to time) are applicable to the Customers (defined hereinafter) that avail the Services (defined hereinafter) provided thereon by ICICI Securities Limited ("ICICI Securities") on the WhatsApp platform.

The WhatsApp Terms and Conditions shall be in addition to any other terms and conditions as stipulated by the ICICI Securities from time to time on its website (www.icicidirect.com) whether pertaining to the account or in relation to other products, services or facilities provided by ICICI Securities.

Any services that may be offered to the customer through the WhatsApp platform ("WhatsApp") is at the discretion of the ICICI Securities and/or basis the eligibility criteria of a customer and such services are subject to certain terms and conditions. In case of conflict between any of these WhatsApp Terms and Conditions and the terms and conditions for other services provided on the WhatsApp channel, specific terms and conditions of such services shall prevail.

Further, in case of inconsistency between the WhatsApp Terms and Conditions and any specific terms and conditions pertaining to account or any specific service/product/offer, the specific terms and conditions of that particular service/product/offer shall prevail.

1. DEFINITIONS

"Trading Account" refers to the trading account maintained by the Customer with ICICI Securities.

"Trading Account Related Services" shall mean the Services which pertain to information in relation to the Trading Account maintained with ICICI Securities by customer including but not limited to portfolio valuation, stock quote, order details, trade details etc which are enabled by ICICI Securities, from time to time, at its sole discretion.

"Registered ICICI Securities Number" is the authorized number of ICICI Securities, registered with WhatsApp for the purposes of providing Services herein.

"Customer" shall mean any person holding Trading Account or any prospective customer with ICICI Securities and interacting with ICICI Securities on WhatsApp using the Registered ICICI Securities Number / using the Services provided by ICICI Securities through WhatsApp. "Customer Information" refers to the personal data or information or such other data or information including any sensitive personal data in relation to the Customer such as information in relation to the trading account of the Customer, shared by the Customer or provided to the Customer by ICICI Securities or collected or obtained from the Customer or from WhatsApp or from any such source in the course of the Customer availing the Services hereunder.

"One Way Communication" shall mean the service provided by ICICI Securities to the Customer on WhatsApp where ICICI Securities sends its Customer one-way messages through its Registered ICICI Securities Number in the nature of information, alerts, updates, transaction alerts in relation to the Customer's Trading Account and such other communications as ICICI Securities may enable from time to time, at its discretion.

"Privacy Policy/Privacy Commitment" shall have the meaning as ascribed on the Website; "Service(s)" shall mean the One Way Communication and Two Way Communication services provided by ICICI Securities by itself or through any of its service providers, to a Customer on WhatsApp.

"Two Way Communication" shall mean the service provided by ICICI Securities to the Customers on WhatsApp where the Customer can communicate with ICICI Securities by sending it messages in the form of making requests, seeking information, asking queries etc. on the Registered ICICI Securities Number and where ICICI Securities responds to such messages. However, this service and ICICI Securities responses shall be limited only to such queries, information, requests etc. as may be determined by ICICI Securities from time to time, at its sole discretion.

"WhatsApp" is the application provided by WhatsApp Inc. 1601 Willow Road, Menlo Park, California 94025.

2. INTERPRETATION

All references to singular include plural and vice versa and the word "includes" should be construed as "without limitation".
Words importing any gender include the other gender. 'We/us' refers to ICICI Securities and 'You/yours' refer to the customer using the WhatsApp facility.
Reference to any statute, ordinance or other law includes all regulations and other instruments and all consolidations,amendments, re-enactments or replacements for the time being in force.
All headings, bold typing and italics (if any) have been inserted for convenience of reference only and do not define limit or affect the meaning or interpretation of these Terms and Conditions.
Reference to any law or legislation, regulation, rule shall mean, applicable, constitution, statute, law, rule, regulation, ordinance, judgment, order, decree, authorisation, or any published directive, guideline, notice, requirement or governmental restriction, having the force of law in any jurisdiction and include laws as amended from time to time.

3. PURPOSE

This WhatsApp platform serves as a supplementary medium through which we can communicate with you and provide Services and further enable certain services as ICICI Securities may decide in its sole discretion.

4. ELIGIBILITY FOR USING THE SERVICES

The Customer hereby agrees and undertakes that he/she shall use the Services only if he/she fulfills the eligibility as given below:

The Customer is an individual and is a major;
The Customer is a Guardian of a minor;
The Customer is of sound mind, solvent and competent to contract;
The Customer is a resident of India and is present in the territory of India at the time of utilization of the Services;
The Customer is a non-resident India (NRI) or is residing outside India.
The Customer is Principal Authorised Signatory of the Non Individual Account.

5. APPLICABILITY OF WHATSAPP TERMS AND CONDITIONS

These WhatsApp Terms and Conditions form a contract between the Customer and ICICI Securities. The Customer shall apply to ICICI Securities in the prescribed manner for availing of the Services. By applying and opting in for the Services, the Customer acknowledges that he has read, understood and accepted these WhatsApp Terms and Conditions and other specific terms and conditions as pertaining to the Account and any other products/offers/facilities and services availed by the Customer whether or not through WhatsApp.

No act, delay or omission by ICICI Securities shall affect its rights, powers and remedies under these Terms and Conditions and other terms on ICICI Securities website (www.icicidirect.com), hereinafter referred to as "Website".

The Customer hereby accepts and agrees that all Services and communications (both One Way Communication and Two Way Communication) taking place on WhatsApp, initiated either by ICICI Securities or the Customer, will be governed by and subject to these WhatsApp Terms and Conditions. Further, the Customer hereby agrees that the Customer grants express authority to ICICI Securities for carrying out the Services requested by the Customer on WhatsApp on its Registered ICICI Securities Number. Provided however that ICICI Securities shall not be required to authenticate the Customer, if any request for the Services comes on WhatsApp to ICICI Securities Registered Number, and in case of a Customer, if the number reflected in the requestor's mobile is a Customer's Registered Number, ICICI Securities shall be entitled to presume that it is the Customer itself which is interacting through WhatsApp and in case of any other Customer ICICI Securities shall be entitled to presume that the number reflected in the WhatsApp profile is the Customer's number and it is the Customer itself and not any other person who is interacting with ICICI Securities Registered Number. ICICI Securities's own record or log of transactions maintained through computer systems or otherwise shall be accepted as conclusive and binding for all purposes.

6. SERVICES

The Customer agrees and accepts that ICICI Securities reserves the right to provide only such Services as ICICI Securities may at its discretion permit from time to time. ICICI Securities may also inform/update the availability/non-availability of any particular Service, at its sole discretion. The Customer hereby agrees that ICICI Securities may at any time, without notice to the Customer, modify, discontinue or make additions/deletions to the Services offered to the Customer. The Customer agrees that he shall not hold ICICI Securities responsible for not responding to the queries of/ information sought by the Customer or not providing a response to the satisfaction of the Customer or not processing any request of the Customer, in case such a message sent by the Customer in case ICICI Securities does not receive an instruction to this effect in its systems or the message sent by the Customer is not in the format as required by ICICI Securities or does not fall under the Services being offered by ICICI Securities at the time or ICICI Securities does not receive such a message for technical reasons or otherwise or for any reason whatsoever. ICICI Securities will have no liability in case of any fraud or impersonation incidents through the WhatsApp platform. Further, in case ICICI Securities permits any Service in the nature of a transaction, the Customer agrees that such a Service shall be subject to statutory/ regulatory limits and/or any limits that may be imposed by ICICI Securities, from time to time, at its sole discretion.

7. REGISTRATION AND VERIFICATION

For availing the One Way Communication and Two Way Communication service, the Customer agrees and confirms to have accepted (a) the WhatsApp Terms and Conditions applicable to the Customer for availing the Services mentioned herein; (b) the Privacy Policy of ICICI Securities applicable to the Customer for availing the Services mentioned herein; (c) any other Account/product/service/offer related specific terms and conditions as applicable and (d) all terms and conditions prescribed by WhatsApp for using its platform.

Provided that, ICICI Securities may modify the process for authentication, registration and/or verification of the Customer, for One Way Communication and/or Two-Way Communication, at any time, at its sole discretion.

8. UNSUBSCRIBE

You may choose/request for de-registration/un-subscription of the Services at any point of time by following the process as may be prescribed by ICICI Securities from time to time. Currently ICICI Securities provides the following channels for un-subscription:

Our Website: Visit the WhatsApp un-subscription section on our Website. Enter your mobile number. Enter the OTP received on your registered mobile number and submit.
Missed Call/ SMS to a specific number as updated on the Website.
Send 'STOP' keyword on the WhatsApp platform.

However, the Customer agrees that for this to come into effect, it may take such time as may be required by ICICI Securities. The Customer agrees that he will remain responsible for any requests made/ messages sent to ICICI Securities using the Services prior to the time such cancellation of the Services is effected by ICICI Securities. ICICI Securities will be at liberty to discontinue/ suspend/ terminate the Customer's use of the Services at any time without assigning any reason whatsoever. ICICI Securities may also discontinue or suspend or terminate Services/ facilities without prior notice if these Terms and Conditions are breached.

Once we have received the notification that you have unsubscribed, we will no longer process your information for the purpose(s) you originally agreed to and sent any further notification/message through WhatsApp, unless legally permissible otherwise.

9. IMPORTANT

The Customer shall apply to ICICI Securities for use of the Services (and/or for any changes to the options available under the Services) in such manner and through such modes as may be specified and made available by ICICI Securities from time to time including but not limited to application through forms as prescribed by ICICI Securities, 24-Hour customer care number, SMS if and when made available as permitted modes by ICICI Securities for use of the Services through the WhatsApp platform.
ICICI Securities in its sole discretion shall decide the devices, software platforms, versions, networks, methods, and data services that will be supported by the WhatsApp platform for providing these Services. Any attempts to modify unsupported versions for use in the WhatsApp platform will be treated an unauthorized use and violation ("Unauthorized Use") of these WhatsApp Terms and Conditions. The Services through the WhatsApp platform shall be suspended with immediate effect if there is Unauthorized Use by the Customer.
The Customer agrees that the Customer shall be responsible for upgrading any software, hardware and the operating system at his/her own cost from time to time so as to be compatible to continue to avail the Services offered by ICICI Securities. ICICI Securities shall be at liberty to change, vary or upgrade its software, hardware, operating systems, etc. from time to time and shall be under no obligation to support the software, hardware, operating systems used by the Customer and that the same shall be the Customer's sole responsibility. Some Services may not work on an outdated platform and hence it is Customer's sole responsibility to ensure timely upgradation of the WhatsApp platform.
By subscribing to Services on WhatsApp platform, the Customer agrees to get notifications via WhatsApp including account information, transaction details, and other services/communications. Customer also agrees to receive notifications including offers, new product features, any other important notification sent by ICICI Securities from time to time etc. on the Registered Customer Number via WhatsApp.
The Customer agrees that any Trading Account related Services at the discretion of ICICI Securities shall be provided to the Customers through WhatsApp platform only to a WhatsApp account associated with the Registered Customer Number.
The Customer is aware that it may not be possible for ICICI Securities to give detailed information on the Service/functionalities. ICICI Securities shall not be responsible or liable to you or any third party for the consequences arising out of or in connection with using of this Service or with respect to the limited information provided by ICICI Securities on WhatsApp. In case the Customer requires further information, Customer can reach out to ICICI Securities either in the nearest branch, on ICICI Securitiess Customer Care number or through any other channels provided by ICICI Securities.
The responses sent by ICICI Securities on WhatsApp platform (either for One Way Communication and/or Two Way Communication) are based on a program running at back-end. This program has been developed and regularly enhanced to handle the queries in best possible manner. However, for any answers that the Customer may not find satisfactory or for any inaccuracies arising therefrom, ICICI Securities shall not be held responsible. The Customer may call Customer Care number or email at headservicequality@icicidirect.com or nri@icicidirect.com or visit www.icicidirect.com in case of any clarifications.
The Customer agrees that ICICI Securities and / or its affiliates may hold and process the Customers personal information concerning the account/s on computer or otherwise in connection with the WhatsApp facility. You agree and consent that we may collect, store, use and/or disclose your personal data for the Services as detailed on our Website. The Customer also agrees ICICI Securities may disclose, in strict confidence, to other institutions, its service providers, such information as may be reasonably necessary for reasons inclusive of but not limited to the participation in any telecommunication or electronic clearing network, in compliance with legal directive and for fraud prevention. The Customer using the WhatsApp facility authorizes ICICI Securities to collect and use technical information about the equipment and related software, hardware and peripherals and any data and information stored in the equipment, whether internet-based or wireless, to improve ICICI Securities products and to provide services to the Customer.
All records of ICICI Securities generated by the transactions arising out of use of the Services through the WhatsApp platform, including the time of the transaction recorded shall be conclusive proof of the genuineness and accuracy of the transactions.
Where ICICI Securities considers the instructions to be inconsistent or contradictory with any past instructions or any simultaneous instructions provided by Customer to ICICI Securities through other channels provided by ICICI Securities it may seek clarification from the Customer before acting on any instruction of the Customer or act upon any such instruction as it may deem fit. ICICI Securities shall have the right to suspend the Services if ICICI Securities has reason to believe that the Customer's instructions may lead to direct or indirect loss or may require an indemnity from the customer.
The Customer accepts that all information /instructions will be transmitted to and /or stored at various locations and be accessed by personnel of ICICI Securities (and its affiliates) or its service providers.
On the Customer opting in for the Services through the WhatsApp platform, ICICI Securities has the discretion to stop sending these alerts on SMS or any other channel.
The Customer is responsible for keeping security safeguard of his WhatsApp account linked to the mobile number.
The Customer understands that using WhatsApp application may carry extra risks and may not be secured. Further any message and information exchanged is subject to the risk of being read, interrupted, intercepted, or defrauded by third party or otherwise subject to manipulation by third party or may involve delay in transmission. ICICI Securities shall not be responsible or liable to the customer or any third party for the consequences arising out of or in connection with using of this Service.
The Customer understands that mobile phones are vulnerable to the threats such as but not limited to -
- Access by intruders to the data /information
- Identity theft
- Privacy violations
- Planting of stealth software and viruses
- Disablement or distortion of operations
- Interception of the transmission of encrypted data/message etc.
- The Customer shall immediately notify ICICI Securities in writing if Customer discovers/ suspects unauthorized access.

ICICI Securities shall not be responsible or liable to the Customer or any third party for the consequences arising out of or in connection with using of this Service. The Customer should immediately opt-out of the Services as per the unsubscribe process as detailed in section 8 above.

The Customer is aware that using mobile applications involves many uncertain factors and complex software, hardware, systems, etc. which are susceptible to interruptions and dislocations. ICICI Securities does not make any representation or warranty that the WhatsApp facility/service will be available at all times without any interruption and further that ICICI Securities shall not be responsible for any variation, reduction or imposition of the terms or the customers inability to use the mobile application.
The Customer is aware that authenticated technologies and strict security measures are required for using mobile applications. Customer undertakes to ensure that the password is not revealed to any third party including ICICI Securities officials or any unauthorized person. Customer shall be solely responsible for all the communication exchanged between customer and ICICI Securities while logging into this service.
Under no circumstances shall ICICI Securities, or its officials, employees, be liable for any direct, indirect, punitive, incidental, special, or consequential damages that result from the use of, or inability to use, this service or for receipt of any answer provided by ICICI Securities program running at the back-end.
The Customer agrees that the Customer shall not have any claim against ICICI Securities on account of any suspension, interruption, non-availability or malfunctioning of the WhatsApp service due to any link/mobile/system failure at ICICI Securities end for any reason thereof.
The Customer shall not reproduce, copy, or redistribute for commercial purposes any materials or design elements of this WhatsApp service.
The Customer shall ensure appropriate data network connection. Receipt of messages by Customer shall be subject to the data network connection and ICICI Securities shall not be held responsible for any delay or non-receipt of the responses at WhatsApp channel.
The Customer shall not submit or transmit any content through this WhatsApp channel that is:
- Obscene, Vulgar, or Pornographic, immoral, illegal, illicit, unethical etc.
- Encourages the commission of a crime or violation of any law.
- Violates any law in India and/or the jurisdiction in which customer resides.
- Infringes the intellectual or copyrights of ICICI Securities or a third party.
- Constitute confidential information and/or personal or sensitive information/data belonging to the Customer or any third person.
ICICI Securities reserves the right to remove or otherwise delete any content or submissions made by the Customer that violates the rules or which are inappropriate, as per ICICI Securities's sole discretion, without any liability or giving warning to the Customer.
All instructions for availing the services under the WhatsApp facility shall be provided through the Registered Customer Number in the manner indicated by ICICI Securities. The Customer is also responsible for the accuracy and authenticity of the instructions provided to ICICI Securities and the same shall be considered to be sufficient for availing of the services under the WhatsApp facility. The alerts would be sent on the mobile phone number, last registered with ICICI Securities.
The Customer agrees that if he/she notices any error in any information supplied to the Customer by the use of any of the Services, the Customer shall inform ICICI Securities of the same, as soon as possible. ICICI Securities will endeavor to correct the error promptly. The Customer agrees that all outputs of statements that may appear on WhatsApp, upon making a request to that effect, are information extracted from a computerized back up system maintained by ICICI Securities and may not be continuously be updated in real time. ICICI Securities shall provide the information as may be last updated on the systems of ICICI Securities. While ICICI Securities will take all reasonable steps to ensure the accuracy of the statement, ICICI Securities is not liable for any error and shall not hold ICICI Securities responsible for any loss incurred or action taken by the Customer by relying on such information.
The Customer agrees that the responses received by the Customer from ICICI Securities are based on program running at backend. This program has been developed and regularly enhanced to handle the queries in best possible manner. However, for any inappropriate/inaccurate answers or any answers that the Customers may not find satisfactory, ICICI Securities shall not be held responsible.
It is recommended for Customers who have subscribed to this WhatsApp service to delete WhatsApp application when changing their device so as to ensure there is no misuse of the same.
That all the Services provided to the Customer are subject to applicable law and the rules, regulations, notifications, circulars and guidelines introduced or amended from time to time by Securities & Exchange Board of India and/or any regulatory/ statutory/ governmental authority.
ICICI Securities has the right to retract the Customer's right to utilize the Service anytime it deems fit without any notice to the Customer.
The Customer hereby acknowledges that he is availing the Service(s) at his own risk and the Customer shall not hold ICICI Securities responsible or liable for any of the risks including but not limited to the following:
- Password misuse- The Customer acknowledges that if any third person obtains access to the Customer's device or SIM card or the Customer's WhatsApp, such third party may be in a position to access Customer information including Trading Account related information of the Customer, which may be confidential in nature.
- Mistake/Error- the Customer acknowledges that the Customer may be sent responses or shown information which may not be applicable to him/her or may not be sent a satisfactory response, and the Customer agrees that in such a scenario ICICI Securities shall not be liable for any loss to the Customer in this regard. The Customer shall therefore take all care to ensure that there are no mistakes and errors and that the message sent/ request made/ query asked by the Customer to ICICI Securities in this regard is error free, accurate, proper and complete at all points of time. The Customer agrees that ICICI Securities is providing the Services at the Customer's sole risk. The Customer agrees that ICICI Securities shall not be liable for any loss, damages or consequences whatsoever arising due to any erroneous or incomplete information or any delay in executing the instructions for reasons beyond the control of ICICI Securities. The Customer shall be liable and responsible to ICICI Securities and accede to accept ICICI Securities's instructions without questions for any unfair or unjust gain obtained by him in the course of availing of the Services.
- It may also be possible that the site of ICICI Securities may require maintenance or is otherwise down or there is a technical failure and during such time it may not be possible to process the request of the Customers. This could result in delays in the processing of instructions or failure in the processing of instructions and other such failures and inability. The Customer understands that ICICI Securities disclaims all and any liability, whether direct or indirect, whether arising out of loss of profit or otherwise arising out of any failure or inability by ICICI Securities to honour any Customer instruction for whatsoever reason. The Customer unequivocally and unconditionally understands and accepts that ICICI Securities shall not be responsible for any of the aforesaid risks. The Customer also accepts that ICICI Securities shall disclaim all liability in respect of the said risks.
The Customer agrees that the Registered ICICI Securities Number on the WhatsApp platform cannot be used for grievance redressal or reporting fraud as of now, ICICI Securities will have no liability on reporting of such incidents received through WhatsApp. The Customer may call Customer Care number or email at headservicequality@icicisecurities.com or visit www.icicidirect.com in case of any clarifications.
These WhatsApp Terms and Conditions may be withdrawn, superseded or modified at any time whatsoever, by ICICI Securities without any prior notice.

10. THIRD PARTY

WhatsApp is owned by a third-party unaffiliated with ICICI Securities. The Customer shall independently be guided by the privacy policies of WhatsApp and the third parties or group companies of WhatsApp and ICICI Securities has no control over them. ICICI Securities is not responsible for the privacy or security policies at these sites or other third-party sites that may be linked to within ICICI Securities's social media channels. The Customer should always review the privacy and security practices and policies of each third-party site you visit. ICICI Securities does not endorse and is not responsible for any ads, content, products, advice, opinions, recommendations or other material of third-party sites that may be promoted via advertising within any social media channels.

The Customer further understands and agree that WhatsApp or any other service provider through which we are providing the WhatsApp facility can review and monitor, store the contents shared/communicated through the WhatsApp or other service provider(s) and may share the same with third parties.

Hence, we strongly recommend that you:

Never share privacy-sensitive details via WhatsApp messages/ through the WhatsApp facility.
That we will not send messages of our own accord this way and will only respond to the messages sent to us except for any important communication and awareness messages.
Not to contact us through the WhatsApp channel for complaints, grievances or similar important matters.

11. DISCLAIMER OF LIABILITY

ICICI Securities shall not be responsible for any failure on the part of the Customer to utilize the WhatsApp facility due to the Customer not being within the geographical range within which the WhatsApp facility is offered and which forms part of the roaming network of such cellular service provider, providing services to the Customer availing such roaming facility from the respective cellular service provider. If the customer has reason to believe that the mobile phone number is / has been allotted to another person and / or there has been an unauthorized transaction in the account and / or his mobile phone handset is lost, he shall immediately inform ICICI Securities of the same.

The Customer agrees that ICICI Securities shall not be liable if:

the Customer has breached any of the terms and conditions, contained herein or
the Customer has contributed to or the loss is a result of failure on part of the Customer to advise ICICI Securities within a reasonable time about unauthorized access of or erroneous transactions by use of the Services; or
as a result of failure on part of the Customer to advise ICICI Securities of a change in or termination of the Customer's mobile phone numbers/SIM ("Subscriber Identity Module") cards.
there has been an unauthorized transaction/instruction provided through the WhatsApp channel as a result of any person having control or custody of telecommunications instrument (such as the mobile handset) so that such instrument may be used to give telecommunications instruction without authorization or any other issue/default/error/technological problem in the telecommunication instrument (such as the mobile handset) or duplication of mobile number / SIM of the Customer such as but not limited to SIM card cloning, virus in handset etc.

ICICI Securities shall endeavor to provide the WhatsApp facility on a best effort basis and the Customer shall not hold ICICI Securities liable for non-availability of the WhatsApp facility or non-performance by service providers, if any, engaged by ICICI Securities or any loss or damage caused to the Customer as a result of use of the WhatsApp facility for causes which are not attributable to ICICI Securities. ICICI Securities shall not be liable in any manner to the Customer in connection with the use of the WhatsApp facility.

ICICI Securities shall endeavor to carry out the instructions received from the Customer through the WhatsApp channel promptly, provided that ICICI Securities, shall not be responsible for the delay in carrying out such instructions due to any reason whatsoever, including, but not limited to, failure of operational system or any requirement of law or ICICI Securities's internal policies.

The Customer accepts that each WhatsApp communication may contain certain account information relating to the Customer. The Customer authorizes ICICI Securities to send account related information, though not specifically requested, if ICICI Securities deems that the same is relevant.

ICICI Securities shall not be held responsible for the confidentiality, secrecy and security of the personal or account information being sent through the WhatsApp facility. The Customer agrees that the access to the WhatsApp facility shall be only through the Registered Customer Number and any transaction which originates from the same, whether initiated by the Customer or not, shall be deemed to have originated from the Customer.

Under no circumstance, ICICI Securities shall be held liable if the WhatsApp facility is not available for reasons including but not limited to natural calamities, epidemic/pandemic, legal restraints, faults in the telecommunication network or network failure, or any other reason beyond the control of ICICI Securities. ICICI Securities shall not be liable under any circumstances for any damages whatsoever whether such damages are direct, indirect, incidental consequential and irrespective of whether any claim is based on loss of revenue, interruption of business or any loss of any character or nature whatsoever and whether sustained by the Customer or by any other person. Illegal or improper use of the WhatsApp facility shall render the customer liable for payment of financial charges as decided by ICICI Securities or will result in suspension of the WhatsApp facility for the Customer.

ICICI Securities is in no way liable for any error or omission in the services provided by any cellular or any third party service provider (whether appointed by ICICI Securities in that behalf or otherwise) to the Customer, which may affect the WhatsApp facility.

ICICI Securities, does not warrant the confidentiality or security of the messages whether personal or otherwise transmitted through the WhatsApp facility. ICICI Securities makes no warranty or representation of any kind in relation to the system and the network or their function or performance or for any loss or damage whenever and howsoever suffered or incurred by the Customer or by any person resulting from or in connection with the WhatsApp facility.

Without limitation to the other provisions of these WhatsApp Terms and Conditions, ICICI Securities, its employees, agent or contractors, shall not be liable for and in respect of any loss or damage whether direct, indirect or consequential, including but not limited to loss of revenue, profit, business, contracts, anticipated savings or goodwill, loss of use or value of any equipment including software, whether foreseeable or not, suffered by the Customer or any person howsoever arising from or relating to any delay, interruption, suspension, resolution or error of ICICI Securities in receiving and processing the request and in formulating and returning responses or any failure, delay, interruption, suspension, restriction, or error in transmission of any information or message to and from the telecommunication equipment of the Customer and the network of any cellular service provider and ICICI Securities's system or any breakdown, interruption, suspension or failure of the telecommunication equipment of the Customer, ICICI Securities's system or the network of any cellular service provider and/or any third party who provides such services as is necessary to provide the WhatsApp.

Notwithstanding anything in the contrary provided in this terms and conditions, ICICI Securities shall not be involved in or in any way liable to the Customer for any dispute between the Customer and a cellular service provider or any third party service provider or WhatsApp (whether appointed by ICICI Securities for such purpose or otherwise) while availing these Services through the WhatsApp platform.

The Customer shall not interfere with or misuse in any manner whatsoever the WhatsApp facility and in the event of any damage due to improper or fraudulent use by the Customer, the Customer shall be liable for damages to ICICI Securities or for any losses suffered by ICICI Securities.

The Customer is solely responsible for protecting his/her OTP/debit card PIN/ password or mobile phone number and any other password and/or any other mode of verification as prescribed/ issued by ICICI Securities for the use of the WhatsApp facility from time to time without any liability of ICICI Securities in this regard. The Customer hereby agrees and accepts that he/she shall at all times be solely responsible for the protection and safe keep of his/her SIM card, Device and the applications installed thereon, specifically WhatsApp, login IDs, Customer Information, security details and passwords as mentioned hereinabove and hereby fully agrees that ICICI Securities shall in no manner be liable for any direct or indirect or consequential or other loss arising out of any action or omission because of compromise of the same in any manner whatsoever.

The Customer agrees that ICICI Securities assumes no liability whatsoever in case of any event of such compromise of the Customer's WhatsApp and ICICI Securities shall not be held responsible for any such event. Further, the Customer agrees and understands that WhatsApp can also be logged on from more than one device at the same time, including by using web log in and the Customer is aware of the risk in this regard while availing the Services such as compromise of Customer Information, breach of security of the Customer's WhatsApp account from a device other than the Customers and the Customer undertakes to be vigilant and careful and takes full responsibility for the security of his/her WhatsApp account. ICICI Securities shall not be responsible or liable to you or any third party for the consequences arising out of or in connection with using of this Service.

ICICI Securities will not be liable for:

any unauthorized use of the customer's password or mobile phone number or for any fraudulent, duplicate or erroneous instructions given on the WhatsApp channel;
acting in good faith on any instructions received by ICICI Securities from or on behalf of the Customer in relation to the WhatsApp facility;
error, default, delay or inability of ICICI Securities to act on all or any of the instructions given by the Customer due to any reason;
loss of any information/instructions in transmission;
unauthorized access by any other person to any information /instructions given by the Customer or breach of confidentiality;

ICICI Securities makes no representation or gives no warranty with respect to the quality of the service provided by any cellular service provider or by WhatsApp or any other service provider enabling ICICI Securities to deliver services through WhatsApp to the Customers.

ICICI Securities may provide any other services as a part of the WhatsApp facility and ICICI Securities shall not be liable for the oversight on part of the Customer to update himself /herself with the addition of services which have been included in the WhatsApp facility.

12. INDEMNITY

In consideration of ICICI Securities providing the WhatsApp facility, the Customer, at his own expense, agrees to indemnify, defend and hold harmless, ICICI Securities, its directors and employees, representatives, agents, customers and/or the affiliates, as the case may be, against all losses, damages, expenses, actions, claims, demands and proceedings whatsoever, that ICICI Securities may incur, sustain, suffer or be put to at any time as a consequence of acting on or omitting or refusing to act on any instructions given by the Customer or otherwise for use of the WhatsApp facility.

The Customer further specifically agrees to indemnify, defend and hold harmless, ICICI Securities and/or its affiliates from any losses occurring as a result of the:

the Customer permitting any third parties to use the WhatsApp facility.
the Customer permitting any other person to have access to his mobile phone or as a consequence of leaving the mobile phone unattended or loss of mobile phone and ICICI Securities acting/not acting on any instructions received from the same.
the Customer having breached the WhatsApp Terms and Conditions.

13. TERMINATION

ICICI Securities may, at its discretion, withdraw temporarily or terminate the WhatsApp facility, either wholly or in part, at any time without giving prior notice to the Customer. ICICI Securities may, without prior notice, suspend the WhatsApp facility at any time during which any maintenance work or repair is required to be carried out or in case of any emergency or for security reasons, which require the suspension of the WhatsApp facility.

ICICI Securities may suspend or terminate WhatsApp facility without prior notice if the Customer has breached these WhatsApp Terms and Conditions or ICICI Securities learns of the death, bankruptcy.

14. PROPRIETARY RIGHTS

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Praj Industries Ltd. 29 May 2026 17:54 PM

Result PDF

Industrial Machinery company Praj Industries announced Q4FY26 & FY26 results

Q4FY26 Consolidated Financial Highlights:

Revenue from Operations: Stood at Rs 8,445.587 million in Q4FY26, representing a marginal growth of 0.36% compared to Rs 8,414.886 million in Q3FY26 and a decrease of 1.76% from Rs 8,596.809 million in Q4FY25.
Total Income: For the quarter, it was Rs 8,690.248 million, showing an increase of 1.83% QoQ from Rs 8,533.787 million in Q3FY26 and a slight decrease of 0.09% YoY from Rs 8,697.956 million in Q4FY25.
Net Profit: The company reported a profit of Rs 116.108 million in Q4FY26, recovering from a loss of Rs 123.865 million in Q3FY26. On a YoY basis, net profit declined by 70.84% from Rs 398.169 million in Q4FY25.

FY26 Consolidated Financial Highlights:

Revenue from Operations: For the full year FY26, revenue stood at Rs 31,678.828 million, compared to Rs 32,280.422 million in FY25, a decrease of 1.86%.
Total Income: Reached Rs 32,182.377 million in FY26, down 2.15% from Rs 32,888.287 million in FY25.
Net Profit: For the full year FY26, the company reported a profit of Rs 238.467 million, representing a significant decrease of 89.11% compared to Rs 2,189.330 million in FY25.
Earnings Per Share (EPS): Basic and diluted EPS for FY26 stood at Rs 1.30, compared to Rs 11.91 in FY25.

Q4FY26 Standalone Financial Highlights:

Revenue from Operations: Stood at Rs 6,928.096 million in Q4FY26, a decrease of 0.59% QoQ from Rs 6,969.479 million in Q3FY26 and a decline of 1.19% YoY from Rs 7,011.223 million in Q4FY25.
Total Income: Reached Rs 7,243.015 million in Q4FY26, up 1.14% QoQ from Rs 7,161.477 million and up 0.91% YoY from Rs 7,177.789 million.
Net Profit: For the quarter, it was Rs 422.335 million, showing an increase of 153.99% QoQ compared to Rs 166.279 million in Q3FY26 and a decrease of 28.41% YoY from Rs 589.931 million in Q4FY25.

FY26 Standalone Financial Highlights:

Revenue from Operations: Standalone revenue for the full year was Rs 25,859.347 million, a decrease of 5.78% over Rs 27,446.636 million in FY25.
Net Profit: For the year FY26, standalone net profit was Rs 1,204.850 million, down 54.44% from Rs 2,644.280 million in FY25.

Business Highlights:

Segment Performance: The Company operates in a single reportable segment, namely "Process and Project Engineering."
Geographical Revenue:
- Within India: Revenue from contracts with customers reached Rs 19,977.190 million.
- Outside India: Revenue from contracts with customers stood at Rs 11,701.638 million.
Dividend: The Board of Directors has recommended a final dividend of Rs 3.60 per equity share (180%) of the face value of Rs 2 per equity share for the financial year ended March 31, 2026.
Exceptional Items: For the quarter ended March 31, 2026, the company recorded exceptional income of Rs 80.624 million (Consolidated) and Rs 70.782 million (Standalone).
Subsidiary Acquisition: Knowledge Shipyard Private limited (formerly Kamal Marine and Engineering works limited) was acquired on August 6, 2025.

Ashish Gaikwad, MD, Praj Industries, said: “Q4 as well as the overall annual performance was impacted by a series of external headwinds. Despite this, the company continued to make progress on its key strategic vision aligned to global megatrends in green energy. While external challenges are expected to remain uncertain, the company’s strong technology edge in bioenergy and advanced manufacturing capabilities in modularisation positions it well to deliver improved performance in the coming financial year.”

Result PDF

Q4FY26 & FY26 Result Announced for Lemon Tree Hotels Ltd.

Hotels company Lemon Tree Hotels announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

Revenue from Operations: For Q4FY26, the revenue stood at Rs 41,640.39 lakh, representing an increase of 2.55% from Rs 40,605.23 lakh in Q3FY26 and a growth of 10.01% compared to Rs 37,851.52 lakh in Q4FY25. For the full year FY26, revenue reached Rs 1,44,450.33 lakh, up 12.32% from Rs 1,28,607.77 lakh in FY25.
Total Income: Total income for Q4FY26 was Rs 41,950.45 lakh, an increase of 2.88% QoQ from Rs 40,775.12 lakh and a 10.57% growth YoY from Rs 37,939.53 lakh. For FY26, the total income was Rs 1,45,266.61 lakh compared to Rs 1,28,841.16 lakh in FY25.
Net Profit after Tax: The company reported a consolidated net profit of Rs 11,645.29 lakh in Q4FY26, marking a significant growth of 42.31% QoQ from Rs 8,183.07 lakh and a 7.68% increase from Rs 10,814.53 lakh in Q4FY25. For the full year FY26, net profit grew by 18.58% to Rs 28,831.82 lakh from Rs 24,314.54 lakh in FY25.
Total Comprehensive Income: For Q4FY26, total comprehensive income stood at Rs 11,651.36 lakh, compared to Rs 8,136.34 lakh in Q3FY26 and Rs 10,824.98 lakh in Q4FY25. On an annual basis, it was Rs 28,807.51 lakh in FY26 against Rs 24,316.89 lakh in FY25.
Earnings Per Share (EPS): Basic and diluted EPS for Q4FY26 was Rs 1.16, up from Rs 0.79 in Q3FY26 and Rs 1.07 in Q4FY25. For the full year FY26, EPS stood at Rs 2.87 compared to Rs 2.48 in FY25.

Standalone Financial Highlights:

Revenue from Operations: Standalone revenue for Q4FY26 was Rs 13,362.45 lakh, reflecting a 7.23% growth from Rs 12,461.90 lakh in Q3FY26 and a 20.78% increase from Rs 11,063.73 lakh in Q4FY25. For FY26, it was Rs 44,203.93 lakh against Rs 38,462.77 lakh in FY25.
Total Income: Total income for the quarter stood at Rs 13,488.82 lakh, up 7.94% QoQ and 21.73% YoY. Annual total income for FY26 reached Rs 44,425.10 lakh compared to Rs 38,549.45 lakh in FY25.
Net Profit after Tax: Standalone net profit for Q4FY26 was Rs 4,228.52 lakh, an 82.60% increase from Rs 2,315.76 lakh in Q3FY26 and a 17.59% growth from Rs 3,595.83 lakh in Q4FY25. For FY26, standalone PAT was Rs 10,847.01 lakh, up 7.94% from Rs 10,048.74 lakh in FY25.
Total Comprehensive Income: For the quarter ended March 31, 2026, standalone total comprehensive income was Rs 4,241.21 lakh. On an annual basis, it reached Rs 10,839.28 lakh for FY26.

Business Highlights:

Restructuring and Demerger: The Board of Directors approved a proposed Composite Scheme of Arrangement on January 09, 2026, involving the demerger and restructuring of group entities. This will result in the segregation of the hotel ownership & development business from the hotel management & brand business into separate focused platforms. The scheme has received approval from the Competition Commission of India (CCI) subsequent to the year-end on April 7, 2026.
Stake Acquisition in Material Subsidiary: Subsequent to the year-end on May 22, 2026, Coastal Cedar Investments B.V. acquired a 41.09% equity stake in Fleur Hotels Limited (a material subsidiary of the company) from APG Strategic Real Estate Pool N.V.
Segment Performance: The Group operates exclusively in the "Hoteliering" business, which constitutes a single operating segment.
Exceptional Items (Consolidated): The group recorded exceptional items totaling Rs 3,326.59 lakh for FY26, which included a Rs 2,551.13 lakh impact due to new Labour Codes and one-time ex-gratia payments, a Rs 478.54 lakh expense for a one-time property tax settlement with the Municipal Corporation of Delhi, and Rs 296.92 lakh in expenses related to group restructuring.
Stock Appreciation Rights: During FY26, the company granted equity-settled Stock Appreciation Rights (SARs) under the "LTHL Stock Appreciation Rights Scheme - 2024", recognizing an expense of Rs 150.24 lakh for the quarter and year ended March 31, 2026.

Result PDF

Q4FY26 & FY26 Result Announced for Happiest Minds Technologies Ltd.

IT Consulting & Software company Happiest Minds Technologies announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

Quarterly Performance (Q4FY26)
- Revenue from Operations: Stood at Rs 60,408 lakh, representing a growth of 2.8% QoQ compared to Rs 58,756 lakh in Q3FY26 and a 10.9% growth YoY compared to Rs 54,457 lakh in Q4FY25.
- Total Income: Reached Rs 62,169 lakh, an increase of 3.1% QoQ from Rs 60,328 lakh and a 9.0% increase YoY from Rs 57,052 lakh.
- EBITDA: Reported at Rs 12,120 lakh, a decrease of 1.3% QoQ from Rs 12,283 lakh, but a 10.3% increase YoY compared to Rs 10,984 lakh.
- Profit Before Tax (PBT): Stood at Rs 8,048 lakh, growing by 48.4% QoQ from Rs 5,421 lakh and by 59.7% YoY from Rs 5,039 lakh.
- Net Profit (PAT): Reported at Rs 6,117 lakh, marking a significant growth of 51.8% QoQ from Rs 4,030 lakh and 79.9% YoY from Rs 3,400 lakh.
Annual Performance (FY26)
- Revenue from Operations: Stood at Rs 2,31,511 lakh for FY26, a growth of 12.3% compared to Rs 2,06,084 lakh in FY25.
- Total Income: Reached Rs 2,40,008 lakh, up 11.0% from Rs 2,16,222 lakh in the previous year.
- EBITDA: Reported at Rs 48,835 lakh, growing 5.6% YoY from Rs 46,224 lakh.
- Profit Before Tax (PBT): Stood at Rs 28,421 lakh, an 11.3% increase over Rs 25,547 lakh in FY25.
- Net Profit (PAT): Reported at Rs 21,262 lakh, representing a 15.1% growth from Rs 18,466 lakh in FY25.

Standalone Financial Highlights:

Quarterly Performance (Q4FY26)
- Revenue from Operations: Stood at Rs 45,721 lakh, a growth of 5.7% QoQ from Rs 43,269 lakh and 17.8% YoY from Rs 38,816 lakh.
- Total Income: Reached Rs 54,895 lakh, an increase of 22.4% QoQ from Rs 44,841 lakh and 22.0% YoY from Rs 45,006 lakh.
- Net Profit (PAT): Stood at Rs 11,337 lakh, a sharp increase from Rs 1,403 lakh in Q3FY26 and Rs 3,049 lakh in Q4FY25.
Annual Performance (FY26)
- Revenue from Operations: Stood at Rs 1,72,602 lakh, growing by 8.3% YoY from Rs 1,59,407 lakh.
- Total Income: Reached Rs 1,90,115 lakh, an increase of 9.8% YoY from Rs 1,73,097 lakh.
- Net Profit (PAT): Reported at Rs 22,412 lakh for FY26, up 44.2% from Rs 15,543 lakh in FY25.

Business Highlights:

Segment Performance (Consolidated FY26)
- Product and Digital Engineering Services (PDES): Revenue stood at Rs 1,84,736 lakh with a segment result of Rs 46,876 lakh.
- Infrastructure Management & Security Services (IMSS): Revenue was Rs 38,909 lakh with a segment result of Rs 10,554 lakh.
- Generative AI Business Services (GBS): Revenue reached Rs 7,866 lakh with a segment result of Rs 1,099 lakh.
Operational Metrics and Wins
- Dividend: The Board recommended a final dividend of Rs 3.65 per equity share, taking the total dividend for the year to Rs 6.40.
- Client Base: Surpassed 300 active customers, ending the year with 306 active clients. The company added 10 clients in Q4FY26 and 51 clients during FY26.
- Utilization: Improved to 81.4% in Q4FY26 from 81.1% in the same quarter last year.
- Employee Strength: Total people strength stood at 6,497 as of March 31, 2026.
- Guidance: The company declared a guidance of 12.5% growth for FY27 with an aspirational growth target of 15%.
- Sales Pipeline: Achieved a record pipeline increase of 27%.

Ashok Soota, Chairman & Chief Mentor, Happiest Minds, said, “We are delighted that our ‘AI First. Agile Always’ program has generated significant momentum enabling Happiest Minds to declare a guidance 12.5% growth for FY27. We will also strive to progress towards our aspirational growth of 15%”

Joseph Anantharaju, Co-Chairman & CEO, Happiest Minds, said, “We are excited with our strong performance for FY26, surpassing 300 active customers and achieving a record pipeline increase of 27%. The Education segment is being transformed by GenAI, which will lead to opportunities and revival of the EdTech vertical. In addition to the success of the Arttha banking platform, our Eduweave solution already has live customers and a good set of prospects, and we expect many of our other platforms to drive repeatable sales and solutions.”

Venkatraman Narayanan, Managing Director, Happiest Minds, said, “We have shown sequential growth in revenues, every quarter since our IPO which is no mean feat. On the back of our improved utilization of 81% vis-à-vis last year of 77.4%, we have delivered industry leading Operating margins of 17.4% well within our guided range. With our investments of the previous years paying off and based on expected growth of 12.5% in constant currency for the next year, we are planning to improve our margins by at least 100 basis points. On the back of a robust balance sheet and healthy cash flows, we remain well-positioned to continue our investments in our AI-First strategy to deliver sustainable long-term value. We are pleased to announce a final dividend of ?3.65 per share, subject to shareholder approval.”

Sridhar Mantha, CEO of Generative AI Business Services (GBS), Happiest Minds, said, “We remain focused on scaling our AI-first strategy and investing in capabilities that further accelerate enterprise transformation both on innovative AI solutions and leveraging AI for productivity improvements. We see enormous potential in our investments across multiple AI platforms and repeatable solutions, especially in our flagship Enterprise AI Platform, which enable us to deliver transformative solutions and sustainable value to our clients.”

Result PDF

Q4FY26 & FY26 Result Announced for Inox Wind Ltd.

Heavy Electrical Equipment company Inox Wind announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

Total Income from operations (net) for Q4FY26 was Rs 1,30,550 lakh, showing a growth of 5.42% QoQ from Rs 1,23,842 lakh in Q3FY26 and a marginal decrease of 0.39% YoY compared to Rs 1,31,065 lakh in Q4FY25.
Revenue from operation (Net of reversal & taxes) for Q4FY26 stood at Rs 1,24,424 lakh, representing a 3.05% increase QoQ from Rs 1,20,745 lakh and a 2.40% decrease YoY from Rs 1,27,482 lakh.
Net Profit for Q4FY26 was Rs 10,568 lakh, a decrease of 16.56% QoQ from Rs 12,665 lakh and a decline of 44.48% YoY from Rs 19,034 lakh.
For the full year FY26, Revenue from operation (Net of reversal & taxes) reached Rs 4,39,712 lakh, a growth of 23.61% compared to Rs 3,55,715 lakh in FY25.
Annual Total Income from operations (net) for FY26 was Rs 4,56,896 lakh, up 23.43% from Rs 3,70,155 lakh in FY25.
Consolidated Net Profit for FY26 stood at Rs 44,909 lakh, representing an increase of 2.62% from Rs 43,762 lakh in FY25.
Basic and Diluted Earnings Per Share (EPS) for FY26 was Rs 2.65, compared to Rs 2.77 in FY25.

Standalone Financial Highlights:

Total Income for Q4FY26 reached Rs 1,17,252 lakh, an increase of 6.21% QoQ from Rs 1,10,398 lakh and a decrease of 9.58% YoY from Rs 1,29,671 lakh.
Revenue from operation (Net of reversal & taxes) for Q4FY26 was Rs 1,15,146 lakh, rising 6.43% QoQ from Rs 1,08,192 lakh and declining 10.46% YoY from Rs 1,28,599 lakh.
Standalone Net Profit for Q4FY26 was Rs 8,755 lakh, reflecting a 30.70% decrease QoQ from Rs 12,633 lakh and a 53.84% decrease YoY from Rs 18,968 lakh.
For the full year FY26, Revenue from operation reached Rs 3,89,640 lakh, a growth of 11.37% over Rs 3,49,874 lakh in FY25.
Standalone Total Income for FY26 was Rs 4,12,484 lakh, up 15.76% from Rs 3,56,318 lakh in FY25.
Standalone Net Profit for FY26 stood at Rs 54,746 lakh, showing a significant growth of 42.55% compared to Rs 38,406 lakh in FY25.

Business Highlights:

Segment Performance: The group operates in a single business segment, categorized as "Engineering Products," which includes the manufacture and distribution of Wind Turbine Generators (WTG) and related EPC, O&M, and common infrastructure facility services.
Rights Issue: The Board of Directors approved the issuance of equity shares on a rights basis for an amount aggregating up to Rs 1,250 crore. The aggregate issue size was Rs 1,249.33 crore at an issue price of Rs 120 per share (including a premium of Rs 110 per share).
Demerger of Power Evacuation Business: The demerger of the Power Evacuation business from Inox Green Energy Services Limited (Demerged Company) to Inox Renewable Solutions Limited (Resulting Company) was sanctioned by the NCLT on March 12, 2026, and became effective on May 04, 2026.
New Subsidiaries: During FY26, the group incorporated four new wholly owned subsidiaries: Giral Bess private limited (September 02, 2025), Sadla Windone Private Limited (December 05, 2025), Sadla Windtwo Private Limited (December 07, 2025), and Sadla Windthree Private Limited (January 12, 2026).
Labour Code Impact: The company evaluated the impact of the New Labour Codes (notified on November 21, 2025), recording Rs 209.01 lakh on its standalone financial statements and Rs 271.89 lakh on its consolidated financial statements.
Exceptional Items: For FY26, the group recognized exceptional items amounting to a loss of Rs 1,346 lakh on account of doubtful inter-corporate deposits in a subsidiary.

Result PDF

Q4FY26 & FY26 Result Announced for InterGlobe Aviation Ltd.

Airlines company InterGlobe Aviation announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

Revenue from operations for Q4FY26 was Rs 2,24,384 million, showing a decrease of 4.40% QoQ from Rs 2,34,719 million and an increase of 1.29% YoY from Rs 2,21,519 million.
Total income for Q4FY26 stood at Rs 2,38,307 million, representing a decline of 2.89% QoQ from Rs 2,45,406 million and an increase of 3.17% YoY from Rs 2,30,975 million.
The company reported a net loss for Q4FY26 of Rs 25,369 million, compared to a net profit of Rs 5,491 million in Q3FY26 and a net profit of Rs 30,675 million in Q4FY25.
For the full year ended March 31, 2026 (FY26), revenue from operations reached Rs 8,49,619 million, showing a growth of 5.15% compared to Rs 8,08,029 million in FY25.
The total income for FY26 was Rs 8,95,134 million, an increase of 6.44% over Rs 8,40,982 million in FY25.
The company reported an annual net loss of Rs 23,936 million for FY26, as against an annual net profit of Rs 72,584 million for FY25.
Basic Earnings Per Share (EPS) for FY26 stood at Rs (61.88) compared to Rs 187.93 in FY25.

Standalone Financial Highlights:

Revenue from operations for Q4FY26 was Rs 2,24,384 million, representing a 4.40% QoQ decrease and a 1.29% YoY increase.
Total income for Q4FY26 stood at Rs 2,38,324 million, down 2.87% QoQ from Rs 2,45,359 million and up 3.15% YoY from Rs 2,31,051 million.
The standalone net loss for Q4FY26 was Rs 26,621 million, compared to a net profit of Rs 6,126 million in Q3FY26 and a net profit of Rs 30,734 million in Q4FY25.
For the full year FY26, standalone revenue from operations was Rs 8,49,619 million, up 5.15% from Rs 8,08,030 million in FY25.
The standalone net loss for FY26 was Rs 25,025 million, compared to a net profit of Rs 72,533 million in FY25.

Business Highlights:

Exceptional Items: The company recorded total consolidated exceptional losses of Rs 17,964 million for FY26. This included Rs 12,192 million related to the implementation of the New Labour Codes and Rs 5,772 million related to operational disruptions.
Finance Lease Prepayment: The Board approved the partial prepayment of finance lease obligations to its wholly-owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited, for an aggregate amount of up to USD 450 million. These funds will be used for the acquisition of aviation assets, enabling the ownership of aircraft and engines.
Segment Performance: Based on the "management approach" as defined in Ind AS 108 – Operating Segments, the Chief Operating Decision Maker evaluates the Group’s performance as one segment, i.e., "air transportation services."
Management Changes: Mr. Petrus Johannes Theodorus Elbers resigned as CEO on March 10, 2026. Mr. Aloke Singh was appointed Chief Strategy Officer effective April 6, 2026. Mr. William Walsh was appointed as the Chief Executive Officer and is expected to assume office on August 3, 2026.
Tax Exposure: The tax exposure (excluding interest and penalty) for matters disallowed by income tax authorities up to AY 2022-23 amounts to Rs 24,185 million.

Rahul Bhatia, MD, said: “FY26 was marked by an exceptionally challenging operating environment, which materially impacted our profitability. Despite these conditions, the underlying performance of the business remained resilient. During the year, our capacity grew by 9.5% and total income increased by over 6%. Excluding the impact of foreign exchange and exceptional items, IndiGo delivered a profit of Rs 75 billion.

We continue to maintain a strong balance sheet with substantial liquidity, demonstrating resilience through prolonged periods of volatility. I would like to thank our 123 million customers for placing their trust in us, and our 69,000 dedicated IndiGo team members for their extraordinary professionalism. While the near term remains volatile, we remain firmly focused on disciplined execution, cost efficiency, and long-term value creation.”

Result PDF

Q4FY26 & FY26 Result Announced for Natco Pharma Ltd.

Pharmaceuticals company Natco Pharma announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

Revenue from Operations: Revenue for Q4FY26 stood at Rs 7,391 million, a QoQ increase of 14.18% from Rs 6,473 million but a YoY decline of 39.47% from Rs 12,210 million. For the full year FY26, consolidated revenue was Rs 40,783 million against Rs 44,295 million in FY25.
Total Income: Total income for Q4FY26 reached Rs 8,169 million, up 15.81% from Rs 7,054 million in Q3FY26 (QoQ) and down 36.54% from Rs 12,873 million in Q4FY25 (YoY). For the full year FY26, total income was Rs 43,759 million versus Rs 47,840 million in FY25.
Profit Before Tax (PBT): Consolidated PBT (before share of profit of associate) for Q4FY26 was Rs 1,441 million, down 10.55% QoQ from Rs 1,611 million and down 71.52% YoY from Rs 5,059 million. Full-year PBT for FY26 was Rs 14,908 million compared to Rs 22,914 million in FY25.
Net Profit: Net profit for Q4FY26 was Rs 2,690 million, showing a QoQ growth of 77.79% from Rs 1,513 million and a YoY decline of 33.74% from Rs 4,060 million. For the full year FY26, consolidated net profit was Rs 14,185 million against Rs 18,834 million in FY25.

Standalone Financial Highlights:

Revenue from Operations: For Q4FY26, revenue was Rs 6,088 million, an increase of 15.13% from Rs 5,288 million in Q3FY26 (QoQ) but a decrease of 47.40% compared to Rs 11,574 million in Q4FY25 (YoY). For the full year FY26, revenue stood at Rs 35,946 million against Rs 40,945 million in FY25.
Total Income: Total income for Q4FY26 was Rs 6,817 million, representing a QoQ growth of 16.71% from Rs 5,841 million and a YoY decline of 44.10% from Rs 12,195 million. Full year total income was Rs 38,757 million compared to Rs 44,158 million in the previous year.
Profit Before Tax (PBT): For Q4FY26, PBT was Rs 1,100 million, a decrease of 12.14% QoQ from Rs 1,252 million and a decrease of 78.88% YoY from Rs 5,208 million. Full-year PBT for FY26 was Rs 13,641 million versus Rs 22,260 million in FY25.
Net Profit: The company reported a net profit of Rs 2,096 million for Q4FY26, up 96.07% over Rs 1,069 million in Q3FY26 (QoQ) but down 51.04% compared to Rs 4,281 million in Q4FY25 (YoY). For the full year FY26, net profit was Rs 12,815 million compared to Rs 18,504 million in FY25.

Business Highlights

Segmental Revenue Split (Consolidated):
- Active Pharmaceutical Ingredients (API): Revenue for Q4FY26 was Rs 63.9 crore, and full-year FY26 revenue was Rs 234.7 crore.
- Domestic Formulations: Revenue for Q4FY26 was Rs 108.7 crore, and full-year FY26 revenue was Rs 440.9 crore.
- Formulations export (Including profit share and subsidiaries): Revenue for Q4FY26 was Rs 539.6 crore, and full-year FY26 revenue was Rs 3,234.5 crore.
- Crop Health Sciences (CHS): Revenue for Q4FY26 was Rs 22.6 crore, and full-year FY26 revenue was Rs 138.2 crore.
- Other operating and non-operating income: Revenue for Q4FY26 stood at Rs 82.1 crore, and for FY26 was Rs 327.5 crore.
South African Acquisition: NATCO completed the acquisition of a 35.75% equity stake in Adcock Ingram Holdings Limited, South Africa, on November 11, 2025, for a consideration of ZAR 3,873 million (approximately Rs 19,912 million). For FY26, the Group recognized a share of profit of Rs 466 million (net of tax) from this associate.
Agro Chemical Business Demerger: The Board of Directors approved a Scheme of Arrangement for the demerger of the company's Agro Chemical business undertaking into NATCO Crop Health Sciences Limited, a newly incorporated wholly owned subsidiary.
Tax Regime Election: The company elected to move to the new tax regime under Section 115BAA of the Income-tax Act, 1961, effective from FY26-27. This re-measurement of deferred tax assets resulted in a one-time benefit of Rs 1,150 million (Rs 115 crore) recognized during the quarter and year ended March 31, 2026.
Dividends: The Board has approved a total dividend of Rs 5 per equity share on equity shares of face value Rs 2 each for the financial year ended March 31, 2026, including interim dividends.

Result PDF

Q4FY26 & FY26 Result Announced for Cello World Ltd.

Houseware company Cello World announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

Revenue from Operations:
- For Q4FY26, revenue stood at Rs 65,359.22 lakh, representing a growth of 18.05% QoQ from Rs 55,366.45 lakh in Q3FY26 and an increase of 11.00% YoY from Rs 58,882.14 lakh in Q4FY25.
- For the full year ended March 31, 2026 (FY26), revenue reached Rs 2,32,370.79 lakh, showing an increase of 8.77% compared to Rs 2,13,638.83 lakh in FY25.
Total Income:
- For Q4FY26, total income was Rs 66,120.87 lakh, up 15.95% QoQ from Rs 57,025.50 lakh and up 9.87% YoY from Rs 60,181.65 lakh.
- The annual total income for FY26 was Rs 2,37,876.08 lakh, a growth of 9.06% over Rs 2,18,106.84 lakh in FY25.
Net Profit for the Period:
- For Q4FY26, net profit stood at Rs 9,012.25 lakh, marking an increase of 29.85% QoQ from Rs 6,940.57 lakh, but a decline of 6.27% YoY compared to Rs 9,615.43 lakh in Q4FY25.
- The net profit for FY26 was Rs 33,150.64 lakh, a decrease of 9.07% from Rs 36,456.71 lakh in FY25.

Standalone Financial Highlights:

Revenue from Operations:
- For Q4FY26, standalone revenue was Rs 30,423.21 lakh, up 19.91% QoQ from Rs 25,371.93 lakh, but a slight decline of 2.33% YoY from Rs 31,149.44 lakh in Q4FY25.
- The annual standalone revenue for FY26 was Rs 1,11,549.87 lakh, remaining nearly flat with a 0.26% increase over Rs 1,11,262.58 lakh in FY25.
Total Income:
- For Q4FY26, standalone total income was Rs 31,716.06 lakh, up 16.41% QoQ from Rs 27,244.46 lakh and a decrease of 3.03% YoY from Rs 32,708.42 lakh.
- The annual standalone total income for FY26 was Rs 1,18,232.95 lakh, representing a growth of 2.44% over Rs 1,15,421.24 lakh in FY25.
Net Profit for the Period:
- For Q4FY26, standalone net profit was Rs 2,236.58 lakh, showing a significant growth of 56.92% QoQ from Rs 1,425.25 lakh, but a decrease of 40.81% YoY from Rs 3,778.76 lakh.
- The annual standalone net profit for FY26 was Rs 8,049.09 lakh, reflecting a decline of 27.89% from Rs 11,162.41 lakh in FY25.

Business Highlights:

Composite Scheme of Arrangement: The National Company Law Tribunal, Ahmedabad Bench, sanctioned the scheme involving Wim Plast Limited (WPL), Cello Consumer Products Private Limited (CCPPL), and Cello World Limited.
- The Manufacturing Business of WPL has been demerged into CCPPL (a wholly owned subsidiary).
- The remaining business of WPL has been amalgamated with the Company.
- CWL will allot 29,75,909 equity shares for the demerger (ratio of 55 shares for every 100 shares of WPL) and 16,77,330 equity shares for the amalgamation (ratio of 31 shares for every 100 shares of WPL).
- The Appointed Date is April 1, 2025, and the Record Date for share allotment is June 09, 2026.
Segment Performance: The Company is primarily engaged in the trading of Consumer Products. As per Ind AS 108, the company operates in only one reportable segment, which is "Consumer Products".
Dividend: The Board of Directors has recommended a final dividend of 30%, which is Rs 1.50 per equity share of face value Rs 5 each for FY26, subject to shareholder approval.
Share Capital Increase: Upon the scheme becoming effective, the authorised share capital stands reclassified and increased to Rs 140,00,00,000 (Rupees One Hundred and Forty crore) divided into 28,00,00,000 equity shares of Rs 5 each.
New Labour Codes Impact: The company presented an incremental impact of Rs 743.82 lakh (Consolidated) and Rs 198.13 lakh (Standalone) on retiral benefits as "Exceptional Items" due to the new Labour Codes.

Pradeep Rathod, Chairman & Managing Director, Cello World, said: “FY26 was marked by evolving market conditions and softer demand, especially in certain consumerware categories. Despite the challenging environment, we delivered revenue of Rs. 2,324 crore, reflecting a growthof 9% YoY, while EBITDA stood at Rs. 526 crore and PAT stood at Rs. 332 crore.

The Board of Directors recommended a final dividend of Rs. 1.50/- per equity share for the financial year 2025-26, subject to shareholders’ approval.

In Q4FY26, we reported our highest-ever quarterly revenue of Rs. 654 crore, up 11% YoY, with EBITDA of Rs 137 crore and PAT of Rs. 90 crore. The growth was led by the Writing Instruments segment, which includes additional revenues from the Cello stationery brand, revival of the exports business and contribution from new premium product launches. On the consumerware side, performance in the Hydration segment remained slower, while Glassware and Opalware categories witnessed steady performance in line with expectations.

The various strategic initiatives undertaken by the Company including glassware and steel flasks capacity expansion, addition of the Cello stationery brand, integration of Wimplast, and product portfolio rationalization, are expected to meaningfully contribute to performance in FY27.”

Result PDF

Q4FY26 & FY26 Result Announced for Asian Paints Ltd.

Paints company Asian Paints announced Q4FY26 & FY26 results

Q4FY26 Consolidated Financial Highlights:

Consolidated Net Sales increased by 10.8% to Rs 9,228.5 crore from Rs 8,329.6 crore.
PBDIT (Profit before depreciation, interest, tax and other income) increased by 24.4% to Rs 1,786.6 crore from Rs 1,436.2 crore.
PBDIT Margin as % to Net Sales increased to 19.4%, up from 17.2% in the same quarter last year.
Profit before exceptional items and tax increased by 33.9% to Rs 1,614.1 crore from Rs 1,205.2 crore.
Net Profit before minority interest and exceptional items increased 34.1%.
Net Profit after minority interest increased by 69.3% to Rs 1,172.1 crore from Rs 692.1 crore.

FY26 Consolidated Financial Highlights:

Consolidated Net Sales increased by 5.1% to Rs 35,516.4 crore from Rs 33,797.4 crore.
PBDIT (Profit before depreciation, interest, tax and other income) increased by 11.5% to Rs 6,695.9 crore from Rs 6,006.2 crore.
PBDIT Margin as % to Net Sales increased to 18.9%, up from 17.8% in the same period last year.
Profit before exceptional items and tax increased by 12.7% to Rs 6,161.1 crore from Rs 5,466.2 crore.
Net Profit before minority interest and exceptional items increased 11.8%.
Net Profit after minority interest increased by 17.9% to Rs 4,325.4 crore from Rs 3,667.2 crore.

Q4FY26 Standalone Financial Highlights:

Standalone Net Sales increased by 10.3% to Rs 7,894.1 crore from Rs 7,157.1 crore.
PBDIT (Profit before depreciation, interest, tax and other income) for the quarter increased by 26.0% to Rs 1,670.0 crore from Rs 1,325.3 crore.
PBDIT Margin as % to Net Sales increased to 21.2% from 18.5% in the corresponding period of the
previous year.
Profit before exceptional items and tax increased by 34.4% to Rs 1,558.8 crore from Rs 1,159.6 crore.
Net Profit before exceptional items increased 32.7%.
Net Profit increased by 67.1% to Rs 1,160.7 crore from Rs 694.8 crore.

FY26 Standalone Financial Highlights:

Net Sales increased by 4.3% to Rs 30,680.2 crore from Rs 29,421.1 crore.
PBDIT (Profit before depreciation, interest, tax and other income)for the period increased by 11.2% to Rs 6,180.5 crore from Rs 5,556.5 crore.
PBDIT Margin as % to Net Sales increased to 20.1% from 18.9% in the previous year.
Profit before exceptional items and tax increased by 11.7% to Rs 5,900.1 crore from Rs 5,281.2 crore.
Net Profit before exceptional items increased 10.8%.
Net Profit increased by 18.3% to Rs 4,244.2 crore from Rs 3,588.1 crore.

Business Highlights:

International business: Net Sales increased in Q4FY26 by 11.0% to Rs 888.1 crore from Rs 799.7 crore led by units in Sri Lanka, Egypt, and UAE. In constant currency terms, Net Sales increased by 8.2%. Profit before exceptional items and tax in Q4FY26 was Rs 75.4 crore as against Rs 38.2 crore in the corresponding period of previous year.
Net Sales increased by 8.9% in FY’26 to Rs 3,339.7 crore from Rs 3,066.4 crore. Profit before exceptional items and tax increased to Rs 266.4 crore in FY’26 from Rs 140.1 crore in the same period last year.
Home Décor business:
1. Bath Fittings business: Net Sales increased in Q4FY26 by 3.7% to Rs 95.4 crore from Rs 91.9 crore. Profit before exceptional items and tax in Q4FY26 came in at Rs 4.4 crore against loss before exceptional items and tax of Rs 4.5 crore in the corresponding period of the previous year.
  Net Sales decreased by 2.5% in FY’26 to Rs 347.3 crore from Rs 356.1 crore. Loss before exceptional items and tax reduced to Rs 1.7 crore in FY’26 as against Rs 20.8 crore in the previous year.
2. Kitchen business: Net Sales increased in Q4FY26 by 16.5% to Rs 99.1 crore from Rs 85.1 crore. Loss before exceptional items and tax in Q4FY26 reduced to Rs 0.9 crore against Rs 16.5 crore in the corresponding period of the previous year.
  Net Sales increased by 1.7% in FY’26 to Rs 400.3 crore from Rs 393.5 crore. Loss before exceptional items and tax in FY’26 decreased to Rs 17.3 crore against Rs 30.1 crore in the previous year.
3. White Teak and Weatherseal: Net Sales at White Teak in Q4FY26 increased by 16.8% to Rs 23.4 crore and for Weatherseal, it increased by 24.9% to Rs 20.2 crore.
  Net Sales at White Teak in FY’26 decreased by 7.1% to Rs 99.2 crore while for Weatherseal it increased by 42.1% to Rs 74.7 crore.
Industrial business:
1. APPPG: Net Sales increased by 15.0% in Q4FY26 at Rs 399.1 crore from Rs 347.1 crore. Profit before exceptional items and tax in Q4FY26 was Rs 29.2 crore as against Rs 28.9 crore in the same period last year.
  Net Sales increased by 11.8% in FY’26 to Rs 1,333.9 crore from Rs 1,193.1 crore. Profit before exceptional items and tax increased to Rs 106.6 crore in FY’26 as against Rs 101.3 crore in the previous year.
2. PPGAP: Net Sales increased in Q4FY26 by 20.9% to Rs 586.1 crore from Rs 484.9 crore. Profit before exceptional items and tax in Q4FY26 was Rs 71.3 crore as against Rs 58.6 crore in the same period last year.
  Net Sales increased by 15.5% in FY’26 to Rs 2,468.2 crore from Rs 2,136.5 crore. Profit before exceptional items and tax was Rs 450.6 crore in FY’26 as against Rs 375.2 crore in the last year’s comparable period.

Amit Syngle, Managing Director & CEO of Asian Paints, said. “Q4FY26 performance was a quarter of all-round performance, with double-digit volume and value growth and margin expansion. The quarter witnessed improvement in the domestic decorative business with the business delivering a 12.4% growth in volume and 10.2% growth in value terms. The Industrial business delivered a strong double-digit growth during the quarter driven by Automotive, General Industrial and Protective Coatings Segments, taking the overall domestic coatings value growth to 11%.

The International portfolio continued to deliver resilient growth with improved profitability despite volatility in select markets. The Home Décor business though muted, continued to gain traction through our Beautiful Homes Store network spread across 20 states in India. At an overall business level, margins improved through cost discipline aided by material deflation and operational efficiencies, even as we continued to invest in longterm growth drivers.

The external environment remains fluid, with the West Asia conflict contributing to near-term uncertainty in demand. However, supported by strong fundamentals and execution discipline, we remain resilient to navigate this volatility and sustain our performance.”

Result PDF

Q4FY26 & FY26 Result Announced for Bata India Ltd.

Footwear company Bata India announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

The Revenue from Operations for Q4FY26 stood at Rs 8,276.26 million, representing a decline of 12.39% QoQ from Rs 9,446.81 million in Q3FY26 and a growth of 5.00% YoY compared to Rs 7,882.14 million in Q4FY25.
Total Income for the quarter was Rs 8,473.80 million, down 12.25% QoQ from Rs 9,657.23 million and up 4.48% YoY from Rs 8,110.13 million.
The Net Profit for Q4FY26 was Rs 22.08 million, showing a significant decrease of 96.66% QoQ from Rs 661.02 million and a decline of 95.19% YoY compared to Rs 459.15 million in Q4FY25.
For the full year ended March 31, 2026 (FY26), Revenue from Operations reached Rs 35,154.95 million, a slight increase of 0.77% compared to Rs 34,887.86 million in FY25.
Total Income for FY26 was Rs 35,947.02 million, recording a growth of 1.08% YoY from Rs 35,562.73 million in FY25.
The Consolidated Net Profit for the full year FY26 stood at Rs 1,342.04 million, marking a decline of 59.41% compared to Rs 3,306.56 million in FY25.

Standalone Financial Highlights:

Revenue from Operations for Q4FY26 was Rs 8,276.26 million, a decline of 12.39% QoQ from Rs 9,446.81 million and an increase of 5.06% YoY from Rs 7,877.70 million in Q4FY25.
Total Income for the quarter stood at Rs 8,471.41 million, down 12.27% QoQ compared to Rs 9,656.10 million in Q3FY26, and up 4.54% YoY compared to Rs 8,103.88 million.
The Standalone Net Profit for Q4FY26 was Rs 20.69 million, representing a decrease of 96.87% QoQ from Rs 660.31 million and a decline of 95.25% YoY from Rs 435.51 million in Q4FY25.
For FY26, standalone Revenue from Operations was Rs 35,154.84 million, up by 0.79% compared to Rs 34,880.26 million in FY25.
The Standalone Net Profit for FY26 was Rs 1,335.59 million, reflecting a decline of 59.34% compared to Rs 3,284.49 million in FY25.

Business Highlights:

Segment Performance: The Company operates in a single business segment, i.e., Footwear and Accessories.
Dividend: The Board of Directors has recommended a final dividend of Rs 9.00 per share (180%) on an equity share of par value of Rs 5/- each for the financial year ended March 31, 2026.
Exceptional Items:
- The company implemented a voluntary retirement scheme ("VRS") resulting in an expenditure of Rs 423.66 million for the year ended March 31, 2026, of which Rs 280.60 million was incurred during Q4FY26.
- The company assessed financial implications of new Labour Codes, resulting in an increase in gratuity and leave liability arising out of past service cost by Rs 66.66 million, disclosed as an exceptional item.
Foreign Exchange Impact: Other expenses include a foreign exchange loss of Rs 223.74 million arising from the translation of a liability related to license rights as at March 31, 2026. This loss is primarily attributable to significant volatility in the exchange rates of USD to INR as an effect of the ongoing geopolitical developments in the Middle East.
Asset Sale (FY25): The results for the previous year (FY25) included a gain on the sale of freehold industrial land amounting to Rs 1,339.52 million (net of related expenses), which was disclosed as an exceptional item.

Gunjan Shah, Managing Director, CEO, Bata India, said: “As India’s most trusted shoes brand, we are pleased to report volume-led growth of 5% over Q4FY25, supported by broad-based performance across channels. This is the second consecutive quarter of accelerating topline growth, further strengthened by sequential improvement during the quarter. Our continued focus on operational efficiency and disciplined cost management helped us generate strong operating cash flows. We also continued to invest in demand generation, consumer engagement and brand relevance, with advertising spends increasing by 1.5 times.

Our focus on network penetration, premiumisation, disciplined resource allocation and strong execution remained central to driving performance. During the quarter, we continued to scale key strategic initiatives.”

Result PDF

Q4FY26 & FY26 Result Announced for Ipca Laboratories Ltd.

Pharmaceuticals company Ipca Laboratories announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

Total Income: Consolidated total income for Q4FY26 was Rs 2,482.22 crore, an increase of 2.88% QoQ from Rs 2,412.69 crore in Q3FY26 and an increase of 9.23% YoY from Rs 2,272.51 crore in Q4FY25. For the full year FY26, consolidated total income was Rs 9,820.78 crore, up 8.73% from Rs 9,032.39 crore in FY25.
Revenue from Operations: Consolidated revenue for Q4FY26 stood at Rs 2,388.48 crore, which was largely flat QoQ (-0.17%) compared to Rs 2,392.50 crore in Q3FY26, and grew 6.31% YoY from Rs 2,246.69 crore in Q4FY25. Annual consolidated revenue for FY26 reached Rs 9,646.33 crore against Rs 8,939.59 crore in FY25.
Net Profit (Attributable to Owners): Consolidated Net Profit for Q4FY26 was Rs 299.07 crore, down 8.34% QoQ from Rs 326.27 crore in Q3FY26 but up 340.98% YoY from Rs 67.82 crore in Q4FY25. For the full year FY26, consolidated Net Profit grew by 54.69% to Rs 1,141.12 crore from Rs 737.68 crore in FY25.
EBITDA: Consolidated EBITDA (before forex gain/loss, other income, and exceptional items) for Q4FY26 was Rs 490.21 crore, up 20% YoY from Rs 409.74 crore in Q4FY25. For FY26, EBITDA grew 18% to Rs 1,998.96 crore from Rs 1,693.13 crore in FY25.
Earnings Per Share (EPS): Consolidated basic EPS for Q4FY26 was Rs 11.79. For the full year FY26, it was Rs 44.98 compared to Rs 29.08 in FY25.

Standalone Financial Highlights:

Total Income: For Q4FY26, standalone total income stood at Rs 1,844.23 crore, representing a decrease of 1.01% QoQ compared to Rs 1,863.00 crore in Q3FY26, and an increase of 11.10% YoY from Rs 1,659.93 crore in Q4FY25. For the full year FY26, total income reached Rs 7,431.39 crore, up 10.11% from Rs 6,749.21 crore in FY25.
Revenue from Operations: In Q4FY26, standalone revenue was Rs 1,814.35 crore, down 1.67% QoQ from Rs 1,845.18 crore in Q3FY26 and up 10.74% YoY from Rs 1,638.44 crore in Q4FY25. Annual revenue for FY26 stood at Rs 7,336.75 crore compared to Rs 6,677.92 crore in FY25.
Net Profit: The standalone Net Profit for Q4FY26 was Rs 262.29 crore, a decline of 13.56% QoQ from Rs 303.45 crore in Q3FY26, but showing a significant recovery compared to a loss of Rs 65.05 crore in Q4FY25. For the full year FY26, Net Profit grew by 74.03% to Rs 1,132.52 crore from Rs 650.76 crore in FY25.
Earnings Per Share (EPS): Basic EPS for Q4FY26 was Rs 10.34. For the full year FY26, basic EPS stood at Rs 44.64 compared to Rs 25.65 in FY25.

Business Highlights

Segment Performance: The group operates in a single reportable segment, namely "Pharmaceuticals".
Geographic Performance (Q4FY26):
- Indian Formulations: Income grew by 12% YoY to Rs 853.33 crore.
- Exports Income: Total export formulations and APIs grew by 9% YoY to Rs 845.53 crore. Branded formulations exports grew by 14% to Rs 190.17 crore, while Generics formulations exports surged 39% to Rs 341.02 crore.
Yearly Revenue Break-up (FY26):
- Domestic Formulations: Rs 3,817.24 crore, up 10% YoY.
- Export Formulations: Rs 2,082.58 crore, up 10% YoY.
- Export APIs: Rs 1,046.85 crore, up 18% YoY.
Dividend: The Board has recommended a dividend of Rs 6/- per share of Re 1/- each (600%) for the financial year ended March 31, 2026.
Exceptional Items: For FY26, the company recorded an exceptional charge of Rs 45.82 crore (Consolidated) and Rs 30.42 crore (Standalone) related to the "Impact of new Labour Codes" due to revised pay structures and enhanced employee benefits.
Subsidiary Developments: During the year, the company acquired a 100% equity interest in Unichem Laboratories Limited, Ireland, and incorporated a wholly-owned subsidiary in Germany.

Result PDF

Tata Motors Passenger Vehicles has unveiled the next-generation Tiago and Tiago.ev hatchbacks

Published on 29-May-2026 09:22

JSW Steel has informed the exchanges that the company has commenced work on its fully owned greenfield integrated steel plant project at Paradeep

Published on 29-May-2026 09:21

India's defence manufacturing sector received a major boost as the Defence Ministry invited bids from Tata Advanced Systems

Published on 29-May-2026 09:19

Persistent Systems, through its subsidiary PerSys Estonia OÜ, has signed an agreement to acquire part of the business of Estonia-based Concise Systems OÜ

Published on 29-May-2026 09:16

Royal Enfield has launched the new Bullet 650 in India at an ex-showroom price of ~ ₹3.65 lakh

Published on 29-May-2026 09:16

Graphite India reported a healthy performance in Q4FY26

Published on 29-May-2026 09:14

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